Casey's General Stores purchases Kalbredlo's
Posted on Monday, November 22nd, 2010 at 5:48 pm
Earlier this month, Casey’s General Stores announced the purchase of 44 Kalbredlo’s locations. The company signed an asset purchase agreement to acquire 22 Kalbredlo’s stores in Nebraska, 21 in Kansas and 1 in Oklahoma.
The Iowa-based convenience store will convert all Kabredlo’s locations into Casey’s General Stores. President and CEO of Casey’s, Robert Myers, stated, “The acquisition of the Kabredlo’s locations is an excellent fit to our existing store base and will add to our presence in Nebraska and Kansas as well as allow us to penetrate a new state”.
Company executives report that they expect transactions between the two businesses to end in December. To officially end transactions, both companies are waiting for receipts of inspection and other regulatory approvals.
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